Easiest Savings Plan for a Secure Future

I have been living in Dubai for more than two decades. Life in Dubai is exciting but this standard costs you so much. Day to day expenditures, your social gatherings and outings don’t let you realize where your money went. Not so early I realized that I need a proper savings plans.

Like myself, I have been unable to save anything. Initially, on my own end, I started off cutting down my expenses. Look where you’re spending more than needed. Make goals about how much you are going to save every month.

One biggest lope hole is your high interested debts. Go easy on your credit cards, as its interest eats up lions share of your hard earned. But these little things will not be much help. You need better and more effective plans. For this purpose, I also looked for the services of banks.

Various banks here in Dubai provide customers' wealth management services. Meaning they advise you about taxations, give you investment advice and even plans about retirements. Banks in Dubai, as well as multinational corporations, help you in achieving your savings goal. You just have to work smartly when deciding your savings plan.

Available Savings Plans

You have choices to select a saving plan of your choice. It is preferable that you consult your financial advisor before deciding about your finances. When I have been looking for such a plan, I came across three prominent savings plans.

• One is Bond Deposit Plan. It is that you have to submit a certain amount into your account and after completing the desired time you’ll get interested upon it. Each bank has their own percentage of giving interest. Though it is most feasible for people with low income. As their amount will remain on the account and they can use interest for their monthly expenditure. The only hard term is that you cannot take out your actual amount before the decided time. There is a little inconvenience, but if the interest rate is good, you don’t have to worry. Your money is safe as well as your needs are fulfilled.
• The second option that I got to know about was the regular deposit plan. There are no hard and fast rules about when you should deposit or when you can withdraw your money. This plan provides much flexibility. As you can have your money anytime you want. Except that a little percentage will be cut if it's withdrawn before time. Still, you have much control over it.
• Third, last but not the least, the option is Money market-Saving plan. It is all about investments. Dubai is an international place. There are many opportunities where you can invest. With a guarantee of good profit in return. Various organizations and banks facilitate you with this savings plan. To go for it, you need to have a handsome amount of earnings or money to invest. Only this it will prove to be profitable.

A Right Place to Start With

While I was looking for a savings plan, I searched for the banking market. Dubai provides you with various options. The more I looked for, the more I got confused about where should I actually start with. There are many Wealth management Banks in Dubai that welcome you. And many international companies with appealing outcomes. The economy of Dubai is much stable. So there was nothing to worry about. Only a lot of options with all having their own uniqueness.

Personal Preference

During all the hustle of looking for look for an amazing bank that will provide best of facilities, I came across quite a few. My social circle, people who had experiences guided me the most in this process. Also I myself visited sites to search about abu dhabi investment bank. And what I concluded best out of all research was Mashreq Bank. This bank has been providing services for over 3 decades. They know what to offer and how to serve their customers. The saving plan has never been this easy before this. Good luck with your future choices.

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